World Energy Solutions Earns Top Product of the Year Award From Environmental
Company's Online Auction Platform, The World Energy Exchange®, Sets Bar for
Excellence in Energy Procurement
WORCESTER, Mass., March 26, 2014 (GLOBE NEWSWIRE) -- World Energy Solutions,
Inc. (Nasdaq:XWES), a leading energy management services firm, today announced
that its online auction platform, the World Energy Exchange®, received a 2014
Top Product of the Year Award in the Environmental Leader Product & Project
Awards. Based on its performance delivering customers energy-cost savings and
effective green-power purchasing, the World Energy Exchange was cited by
judges as an exemplary product.
One judge said of the World Energy Exchange: "This product provides energy
buyers the ability to have greater transparency around procuring green energy.
The online auction platform and methodology employed by World Energy Solutions
increased the efficiency and desirability for companies to make the switch to
green power. The results posted are substantial, over $2B in savings, which
becomes a strong business case for customers to avail themselves of this
The Environmental Leader Product & Project Awards is a program recognizing
excellence in products and services that provide companies with energy and
environmental benefits. Scores were determined by a panel of independent
judges, headed by Matthew Littlefield of LNS Research, from companies
including Anheuser Busch InBev, Arrow Electronics, Autodesk, Citigroup Inc.,
Con Agra Foods, Environmental & Operational Risk Management, GlaxoSmithKline,
ISS Facility Services, Microsoft, Owens Corning, Power Advocate, Puma, Sam's
Club, Sustainability and Risk Management Reputation Limited, Trupoint
Advisers, the University of California Berkeley, Williams Creek Consulting,
and YES Bank.
"The caliber of the entries this year was even more impressive than last year
and showed the excitement and innovation taking place in the industry today,"
says Paul Nastu, publisher of Environmental Leader. "There was tough
competition for those that entered, and the products that were awarded Top
Product or Project of the Year are those that the judges say have viable
attributes that set them apart from others in the field."
For a complete list of winners, visit:
For an article on the power of online energy auctions click here.
About Environmental Leader
Since 2006, Environmental Leader's website and daily email newsletter have
provided the definitive and objective voice in reporting on business-related
energy, environmental, and sustainability issues, while Energy Manager Today
is the leading daily trade publication keeping corporate executives informed
about energy management news. For more information visit:
www.environmentalleader.com or www.energymanagertoday.com.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (Nasdaq:XWES) is an energy management services
firm that brings together the passion, processes and technologies to take the
complexity out of energy management and turn it into bottom-line impact for
the businesses, institutions and governments we serve. To date, the Company
has transacted more than $40 billion in energy, demand response and
environmental commodities on behalf of its customers, creating more than $2
billion in value for them. World Energy is also a leader in the global carbon
market, where its World Energy Exchange® supports the Regional Greenhouse Gas
Initiative (RGGI), the first mandatory market-based regulatory program in the
U.S. to reduce greenhouse gas emissions. For more information, please visit
This press release contains forward-looking statements. The words
"anticipates," "believes," "estimates," "expects," "intends," "may," "plans,"
"projects," "will," "would" and similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements
contain these identifying words. The Company has based these forward-looking
statements on its current expectations and projections about future events,
including without limitation, its expectations of backlog and energy prices.
Although the Company believes that the expectations underlying any of its
forward-looking statements are reasonable, these expectations may prove to be
incorrect and all of these statements are subject to risks and uncertainties.
Should one or more of these risks and uncertainties materialize, or should
underlying assumptions, projections or expectations prove incorrect, actual
results, performance or financial condition may vary materially and adversely
from those anticipated, estimated or expected. Such risks and uncertainties
include, but are not limited to the following: the Company's revenue and
backlog are dependent on actual future energy purchases pursuant to completed
procurements; the demand for the Company's services is affected by changes in
regulated prices or cyclicality or volatility in competitive market prices for
energy; the potential impact on the Company's historical and prospective
financial results of a change in accounting policy may negatively impact its
stock price; and other factors outside the Company's control that affect
transaction volume in the electricity market. Additional risk factors are
identified in the Company's Annual Report on Form 10-K for the year ended
December 31, 2012 and subsequent reports filed with the Securities and
Exchange Commission. The forward-looking statements made in this press release
are made as at the date hereof. The Company undertakes no obligation to update
any forward-looking statement to reflect events or circumstances after the
date on which the statement is made or to reflect the occurrence of
unanticipated events, other than as required by securities laws.
CONTACT: Dan Mees
World Energy Solutions, Inc.
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